Do business tax pots gather interest?

Monzo Chat Business Banking
1

Hi all,

Before I switch my business current account and business savings bank to Monzo, I was wondering if the business tax pots build interest? The simplicity of business accounts auto transferring a % of my invoices to the tax pot, wouldn’t outweigh the fact that my business savings account earns interest.

Hope you can help,
Martin

2

I would imagine if they did pay interest it would be a good selling point and mentioned in the advertising for business accounts - its not, so I dont think they do

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They don’t

2 Likes
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Thanks guys. I might see if it’s a “feature” request, or submit one.

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